firsttime buyer credit/ requirement

Asked by Arkla, Atlanta, GA Sun Apr 21, 2013

how can you qualify for first time homebuyer credit for a current homeowner, that hasn't used any federal programs in past. i'm looking to purchase a second home & currently lease out first mortgage with extra cash monthly.

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Rodney Mason, Mortgage Broker Or Lender, Atlanta, GA
Mon Apr 22, 2013
The only First Time Home Buyer Tax Credit that I am aware of ended in either 2009 or 2010. You would not be classified as a First Time Home Buyer if you have owned a home in the last 36 months.

Rodney Mason, NMLS #151088
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Prospect Mortgage
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My NC Homes…, Agent, Chapel Hill, NC
Mon Apr 22, 2013
There are no first time homebuyer credits being offered by the Federal Government. This program was only for a couple of years and ended in a few years ago.
0 votes
Fred Yancy, Agent, Woodstock, GA
Mon Apr 22, 2013
Being that you currently own a home, you would not qualify for a first time home owner credit at this time.
0 votes
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